Regis Buys Beauty School Chain <b></b>

Minneapolis-Regis Corp., which owns several hair salons including Supercuts, Cost Cutters and First Choice Haircutters, has expanded its hair-care activities into the beauty-school business by buying the Blaine Beauty Career Schools chain. Blaine is a Boston-based company operating six schools in Massachusetts.

Regis said it expects Blaine to add $13 million in annualized revenue and add one penny per share to Regis' earnings in fiscal 2005.

Regis has completed 293 acquisitions in the past 10 years, adding more than 7,400 salons. It had a $25.6 million profit on $481.4 million in sales in the first quarter of this year.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel
By Erin Davis
Business News

Amazon CEO Andy Jassy Says There's One Trait That Contributes 'an Embarrassing Amount' to Being Successful

Jassy succeeded founder Jeff Bezos as Amazon's CEO in 2021.

By Sherin Shibu
Leadership

Confront Underperforming Employees With Confidence By Following This Guide to Effective Accountability

Are you struggling to hold employees accountable without creating conflict? This guide will show you how to confront underperformance with confidence, ensuring clear expectations, productive conversations and a stronger, more accountable team.

By Scott Greenberg
Business News

'Money Is Pouring In': President Donald Trump Announces Hyundai, Other Companies Investing Billions in U.S.

At the White House on Monday, Trump announced that Hyundai is investing $20 billion in the U.S.

By Erin Davis
Business Ideas

91 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

By Guen Sublette